FXC vs. SOXQ
FXC (Invesco CurrencyShares® Canadian Dollar Trust) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - FXC is a Currency fund tracking the Canadian Dollar, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 3 years, FXC returned 0.12%/yr vs 59.40%/yr for SOXQ. At a 0.31 correlation, their price movements are largely independent. FXC charges 0.40%/yr vs 0.19%/yr for SOXQ.
Performance
FXC vs. SOXQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FXC achieves a -1.15% return, which is significantly lower than SOXQ's 96.72% return.
FXC
- 1D
- -0.41%
- 1M
- -2.04%
- YTD
- -1.15%
- 6M
- 0.45%
- 1Y
- -1.04%
- 3Y*
- 0.12%
- 5Y*
- -1.87%
- 10Y*
- -0.20%
SOXQ
- 1D
- 1.42%
- 1M
- 32.12%
- YTD
- 96.72%
- 6M
- 91.61%
- 1Y
- 181.76%
- 3Y*
- 59.40%
- 5Y*
- —
- 10Y*
- —
FXC vs. SOXQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FXC Invesco CurrencyShares® Canadian Dollar Trust | -1.15% | 5.24% | -5.96% | 4.35% | -6.44% | -4.02% |
SOXQ Invesco PHLX Semiconductor ETF | 96.72% | 43.11% | 20.16% | 66.74% | -35.59% | 24.82% |
Correlation
The correlation between FXC and SOXQ is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021 | 0.31 |
The correlation between FXC and SOXQ shifts across timeframes, from 0.13 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FXC vs. SOXQ — Risk / Return Rank
FXC
SOXQ
FXC vs. SOXQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Canadian Dollar Trust (FXC) and Invesco PHLX Semiconductor ETF (SOXQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FXC | SOXQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.66 | ||
| Sortino ratioReturn per unit of downside risk | -5.53 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.72 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 11.73 | -12.01 |
| Martin ratioReturn relative to average drawdown | -0.52 | 45.01 | -45.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FXC | SOXQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 5.43 | -5.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.98 | -1.03 |
Drawdowns
FXC vs. SOXQ - Drawdown Comparison
The maximum FXC drawdown since its inception was -35.39%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for FXC and SOXQ.
Loading charts...
Drawdown Indicators
| FXC | SOXQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.39% | -46.01% | +10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.78% | -15.59% | +11.81% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -39.36% | +32.02% |
Max Drawdown (5Y)Largest decline over 5 years | -13.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.46% | — | — |
Current DrawdownCurrent decline from peak | -28.86% | 0.00% | -28.86% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -12.96% | -6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 4.06% | -2.08% |
Volatility
FXC vs. SOXQ - Volatility Comparison
The current volatility for Invesco CurrencyShares® Canadian Dollar Trust (FXC) is 0.77%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 13.44%. This indicates that FXC experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FXC | SOXQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 13.44% | -12.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 26.70% | -23.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 33.78% | -29.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 36.38% | -30.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 36.38% | -29.72% |
FXC vs. SOXQ - Expense Ratio Comparison
FXC has a 0.40% expense ratio, which is higher than SOXQ's 0.19% expense ratio.
Dividends
FXC vs. SOXQ - Dividend Comparison
FXC's dividend yield for the trailing twelve months is around 0.26%, which matches SOXQ's 0.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXC Invesco CurrencyShares® Canadian Dollar Trust | 0.26% | 0.55% | 2.23% | 2.01% | 0.31% | 0.00% | 0.19% | 0.75% | 0.42% | 0.02% | 0.00% | 0.02% |
SOXQ Invesco PHLX Semiconductor ETF | 0.26% | 0.50% | 0.68% | 0.87% | 1.36% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXC and SOXQ have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXQ has higher volatility (13.44%) compared to FXC (0.77%). In terms of maximum drawdown, FXC dropped -35.39% vs SOXQ's -46.01%.
On 3-year performance, SOXQ leads with 59.40% vs 0.12% for FXC. On fees, SOXQ is cheaper at 0.19% per year. On volatility, FXC has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SOXQ has performed better with a 59.40% return vs 0.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXQ is cheaper with a 0.19% expense ratio, compared with 0.40% for FXC.
FXC and SOXQ have nearly identical dividend yields, around 0.26%.
FXC is categorized as Currency, while SOXQ is Semiconductors. FXC tracks Canadian Dollar, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.40% for FXC and 0.19% for SOXQ.
SOXQ currently has the higher Sharpe Ratio (5.43 vs -0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FXC and SOXQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer